Security Orchestration Market Size, Share & Perceive Substantial Growth during 2028

The Security Orchestration Market to 2027 by Component (Software and Services); Deployment Type ( On-Premise and Cloud); Function (Network Security, Threat Intelligence, Compliance Management, Ticketing Solutions, End-Point Security and Others); Type of Enterprise (Small & Medium Scale and Large Scale); and End User (BFSI, Government, IT & Telecom, Manufacturing, Healthcare & Pharmaceuticals, and Others)- Global Analysis and Forecast", the security orchestration market is estimated to reach US$ 7,750.2 Mn by 2027 from US$ 843.3 Mn in 2018. Research Report provides comprehensive and Statistical analysis of the market with the help of up-to-date industry share, overview, dynamics, size, growth, competitive analysis, Companies. Also, evaluates the future impact of the propellants and limits on the market.

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The Key Players in The Global Market Are: 

CyberSponse, Inc.
DFLabs S.p.A.
FireEye, Inc.
Microsoft Corporation (Hexadite)
Tufin
Phantom Cyber Corporation (Splunk Inc.)
Swimlane LLC
Demisto, Inc.
Siemplify Ltd.
Cyberbit Ltd.

The report segments the global Market as follows:

By Component (Software and Services)
By Deployment Type (On-Premise and Cloud)
By Function (Network Security, Threat Intelligence, Compliance Management, Ticketing Solutions, End-Point Security and Others)
By Type of Enterprise (Small & Medium Scale and Large Scale); and End User (BFSI, Government, IT & Telecom, Manufacturing, Healthcare & Pharmaceuticals, and Others)

Security orchestration are the tools for integrating security and non-security devices and automated the handling of the task in a machine-based security application. Vendors offer a wide range of security orchestration solution for organizations to detect suspicious activity and facilitate administrator with a quick and appropriate response. The nature of cyber security has changed rapidly with the rise in the cloud and mobile computing. The company's devices and data are scattered to the different endpoints as their employees work in an office as well as from different locations, on mobile devices, on personal laptops and computers. On the basis of verticals, the global security orchestration market is categorized into government, BFSI, IT & Telecom, manufacturing, healthcare & pharmaceuticals, and others.

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Also, the government end-user segment holds a significant share of the total security orchestration market. Government agencies require security capabilities, which can assist them to understand, recognize, and respond to threats in order to keep away sophisticated real-time attackers. Moreover, in recent years, cybercrimes are becoming innovative, thus, government agencies and federal institutions have to adopt advanced security solutions over traditional methods to protect sensitive data and critical infrastructure. However, despite the increase in cyber-attacks, the government is getting much better and capable of responding to cyber risks. Moreover, in recent years, the government sector is significantly investing and enhancing its cyber security efforts.

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On the basis of end-user, the security orchestration market is dominated by the BFSI sector. Banking, financial services, and insurance (BFSI) industries are more exposed to cyber-attacks due to the presence of huge financial and personal data of customers. In this sector, a high amount of sensitive data is generated and exchanged every day. There is growing volume and creation of endpoints and mobile devices in banks, credit card companies, and credit reporting institutions, thus, it becomes important for these industry verticals to secure their customer data. Currently, mobile service is the fundamental of banking for their employees, agents, and customers. Many of the cyber attackers are motivated by financial gain and attracted to mobile devices in the finance industry. Hence, BFSI industries are more inclined towards adoption security solution for the protection from malware and integrated app protection.

Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of Security Orchestration Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

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E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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This release was published on openPR.